Answer: The correct answer to the question is the Latin Grammy Awards. The National Academy of Recording Arts and Sciences created this new branch, which presented its first awards ceremony in the year 2000. The Latin Grammy Awards are an annual awards ceremony that recognizes outstanding achievements in the Latin music industry. It honors artists, musicians, and producers in various categories such as Best New Artist, Record of the Year, and Album of the Year. The Latin Grammy Awards celebrate the diversity and excellence of Latin music, including genres like salsa, reggaeton, bachata, and more. It is an important event for Latin artists and serves as a platform to showcase their talent and contributions to the music industry. It's worth noting that the other options mentioned in the question, such as the Caribbean Grammy Awards, Spanish Grammy Awards, and Mexican Grammy Awards, do not exist. The Latin Grammy Awards are the correct answer in this case.